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How much of something is avaliable vs how much people want it.

~Because of the huge amount of supply and demand, farmers were making more corn for less money, and less corn for more money.

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Billions of dollars lost, many people lost their stock value.

~The stock market crash of 1929 was the worst economic disaster for the United States

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A period of economic decline

~The Great Depression was a thousand times worse than your average recession.

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the making of products in a mass quantity that aren’t all going to be used/bought. Too much product- no one to buy it!

~The overproduction of many items lead to workers being fired since they needed to bring production down.

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long-term downturn in economic activity in one or more economies

~The world fell into a deep depression after the stock market crashed.

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When people buy many stocks in hope of their increase in value.

~Many were buying on the margin since the stock market was at its highest peak, only to find themselves broke and in debt when the stock market crashed.

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Economic expansions and contractions

-The Great Depression was at the low point of a business cycle until WWII brought us to the high point of a business cycle.

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People freak out and try to take all their money out of the bank, only to find out it’s gone. Banks close, people lost their savings.

~Many people had bank runs once the stock market crashed, and couldn’t withdraw their money because all of it disappeared.